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XPRIMM News No. 749, 16 October 2025

Insurance Newsletter No. 749, 16 October 2025
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TOP NEWS

by Media XPRIMM, 2025-10-16
Next week, XPRIMM will once again be present at the Baden-Baden Reinsurance Meeting — bringing fresh insights and data from across Central, Eastern and Southeastern Europe, and Eurasia.
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by Daniela GHETU, 2025-10-16
In a world increasingly shaped by climate extremes and geopolitical tension, Munich Re reaffirmed its role as a stabilizing partner for the insurance industry, the German reinsurer said in a pre- Baden-Baden 2025 press release.
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by Marina MAGNAVAL, 2025-10-13
On October 15 and 16, Banja Luka will host the fourth edition of the RS Insurance Days (DORS 2025), which brings together insurance experts from the country and the region, osiguranje.hr reports.
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by Marina MAGNAVAL, 2025-10-13
Nearly half (49%) of Hungarian drivers use vehicles older than 16 years, according to a recent study by Europ Assistance, portfolio.hu writes.
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by Marina MAGNAVAL, 2025-10-13
On 9 October 2025, AM Best affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Pozavarovalnica Sava d.d. (Sava Re) (Slovenia), the operating holding company of the Sava Insurance Group. The outlook of these Credit Ratings (ratings) is stable, Sava Re announced.
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by Daniela GHETU, 2025-10-16
When floods, heatwaves, and storms disrupt daily life, we are reminded of our growing vulnerability. Extreme weather is intensifying, causing billions in damage and underscoring the urgent need for prevention, resilience, and smarter adaptation strategies, an article published by the GDV – the German insurers’ association reads.
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by Daniela GHETU, 2025-10-16
Allianz is the only insurance brand ranked in the Top 100 Interbrand Best Global Brands 2025, ranking 27th, after the value of the brand has increased by 20% over the past year to USD 28.2 billion. As compared with 2024, Allianz has moved up two positions in Top 100.
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by Marina MAGNAVAL, 2025-10-13
The merger of the Cypriot insurance companies of the Eurobank Group was completed on 10 October 2025, with the transfer of all insurance portfolios, assets and liabilities of Hellenic Life Insurance Company Limited and Pancyprian Insurance Limited to ERB Cyprialife Limited and ERB Asfalistiki Limited respectively, as Eurobank Limited announced, insuranceforum.gr reports.
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by Marina MAGNAVAL, 2025-10-13
The Turkish insurance industry is seeing the impact of digital transformation in almost every aspect of insurance functions, from customer relations to preventing insurance fraud, as Mr Emine Feray Sezgin, vice president of the Insurance and Private Pension Regulation and Supervision Agency (SEDDK) said at the recent 4th International Insurance Summit organized by the Insurance Association of Turkiye (TSB).
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by Marina MAGNAVAL, 2025-10-13
The existing life insurance products in Azerbaijan will be presented in a new format. Alternative life insurance offerings include burial insurance for final expenses, critical illness cover for serious health issues, mortgage protection insurance to cover home loans, and guaranteed issue policies for those who can't get traditional coverage.
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by Marina MAGNAVAL, 2025-10-13
Starting April 1, 2026, the maximum deposit insurance limit in Georgia will be increased from GEL 30,000 to GEL 50,000 (equivalent to USD 18,400), according to a post on the Faeton Telegram channel.
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by Marina MAGNAVAL, 2025-10-13
S&P Global Ratings has upgraded the long-term credit rating and financial strength rating of Freedom Life, a top three insurer in Kazakhstan, from BB to BB+. The outlook is stable, according to the agency's report. S&P has also upgraded the insurer's national scale rating from kzAA- to kzAA.
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by Marina MAGNAVAL, 2025-10-13
From the beginning of 2025 to the end of August, GWP in Kazakhstan amounted to KZT 1.1 trillion (~EUR 1.75 billion), which is 14.9% more y-o-y, according to the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market.
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ON THE MOVE

by Marina MAGNAVAL, 2025-10-13
K?stutis Šerpytis is leaving the position of CEO of Lithuania's largest non-life insurance company Lietuvos Draudimas, delfi.lt writes.

by Marina MAGNAVAL, 2025-10-13
Simon Chisholm has been named as Chairman of Asia for Reinsurance Solutions, effective January 1, 2026, Aon announced.

by Marina MAGNAVAL, 2025-10-13
Nick Nudo has been named as U.S. casualty segment leader for Reinsurance Solutions, Aon, a leading global professional services firm, reports.

TOP EVENT

by Daniela GHETU, 2025-10-16
The 2025 edition of the International Conference on Insurance Claims – CLAIM THE FUTURE will take place on 4 November in Sofia, bringing together an exceptional lineup of industry leaders and innovators. The conference will explore how insurers can transform claims from a cost burden into a strategic advantage — a true driver of customer trust, brand value, and operational excellence.
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INTERVIEW

by Marina MAGNAVAL, 2025-10-13
XPRIMM: According to the 1H2025 results, motor insurance accounts for almost 60% of the market GWP portfolio (MTPL, Motor Hull and Green Card) and remains the key growth factor of non-life insurance. How would you describe the dynamics of motor insurance in the first half of 2025 compared to last year?
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STATISTICS

by Daniela GHETU, 2025-10-16
Gross written premiums amounted to EUR 28.5 billion at regional level, up by 8.3% y-o-y. At the same time, claims paid remained stable, only decreasing by less than 1% y-o-y, to EUR 12.78 billion. One should note that, as 1H data for Bulgaria were not available, we have used Q1 data for our calculations. Furthermore, some of the tables contain XPRIMM estimations for the results of the Romanian market, as 1H data were only partially available.
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by Daniela GHETU, 2025-10-16
Türkiye’s insurance market continued to expand rapidly in the first half of 2025, with total gross written premiums (GWP) up 51.6% year-on-year to TRY 576.75 billion (approx. EUR 12.35 billion, +14.3%), according to the Insurance Association of Türkiye (TSB). The sharp 30% depreciation of the Turkish lira against the euro significantly altered growth figures when expressed in foreign currency, highlighting the ongoing impact of exchange rate volatility on market performance.
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VIG

Omniasig

EVENTS

Georgian Evening - Baden Baden
19 October 2025
Restaurant THE GRILL, Casino Baden-Baden, Germany


Baden-Baden Reinsurance Meeting
19 - 23 October 2025  
Baden-Baden, Germany
baden-baden-reinsurance.com

International Insurance Claims Conference
4 November 2025
Astoria Grand Hotel, Sofia, Bulgaria
Details: xprimmevents.com

International Insurance Conference of Moldova
18 November
Chisinau, Republic of Moldova


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